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I'm on the single age pension and I receive $5,000 interest…

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HI! I'm on...

HI! I'm on the single age pension and I receive $5,000 interest from my term deposit. Do I need to pay tax?

Accountant's Assistant: The Expert will know how to help. Please tell me more, so we can help you best.

Not sure what more I can say! Because I'm below the threshold of interest on my term deposit I receive the full pension which is $22,653.54

Accountant's Assistant: Is there anything else important you think the Expert should know?

No! Thanks.

Submitted: 7 months ago.Category: Tax
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9/27/2017
Tax Professional: Tax.appeal.168, Tax Accountant replied 7 months ago
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